BASF SE, Germany, Parent Company, that it has signed a Purchase Agreement with an Affiliate of Lone Star, a worldwide non-public equity participant, for acquisition of BASF’s Construction Chemicals Business. The purchase price on a cash and debt free basis is EUR three.17 billion. The transaction is anticipated to close inside the 0.33 zone of 2020, situation to approval of the applicable competition government.
BASF’s Construction Chemicals commercial enterprise operates manufacturing websites and sales offices in more than 60 international locations and generated sales of approximately EUR 2.5 billion in 2018, with extra than 7000 employees worldwide. In India, the construction chemical compounds business, which forms part of the Surface Technologies section, has generated sales of Rs. 484 crore for the yr ended March 31, 2019.
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